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1- Concord Corporation will receive $407000 in 7 years. If the appropriate interest rate is 8%, the present value of the $407000 receipt is? 2-Bonita

1- Concord Corporation will receive $407000 in 7 years. If the appropriate interest rate is 8%, the present value of the $407000 receipt is?

2-Bonita Industries will receive $1400000 in 6 years. If the appropriate interest rate is 11%, the present value of the $1400000 receipt is?

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